West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(6.5%)	$9,997,000
Net Lumpsum Payment	$86,936,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$338,497	$2,981,990
2	$5,468,184	-$1,983,558 -$355,432	$3,129,194
3	$5,741,524	-$2,084,694 -$373,199	$3,283,631
4	$6,028,704	-$2,190,951 -$391,866	$3,445,887
5	$6,330,070	-$2,302,456 -$411,455	$3,616,159
6	$6,646,660	-$2,419,595 -$432,033	$3,795,032
7	$6,978,820	-$2,542,494 -$453,623	$3,982,703
8	$7,327,934	-$2,671,666 -$476,316	$4,179,952
9	$7,694,348	-$2,807,239 -$500,133	$4,386,976
10	$8,079,100	-$2,949,597 -$525,142	$4,604,361
11	$8,482,882	-$3,098,997 -$551,387	$4,832,498
12	$8,907,078	-$3,255,949 -$578,960	$5,072,169
13	$9,352,380	-$3,420,711 -$607,905	$5,323,764
14	$9,820,172	-$3,593,794 -$638,311	$5,588,067
15	$10,311,146	-$3,775,454 -$670,224	$5,865,468
16	$10,826,686	-$3,966,204 -$703,735	$6,156,747
17	$11,367,830	-$4,166,427 -$738,909	$6,462,494
18	$11,936,308	-$4,376,764 -$775,860	$6,783,684
19	$12,533,158	-$4,597,599 -$814,655	$7,120,904
20	$13,159,764	-$4,829,443 -$855,385	$7,474,936
21	$13,817,856	-$5,072,937 -$898,161	$7,846,758
22	$14,508,818	-$5,328,593 -$943,073	$8,237,152
23	$15,234,034	-$5,596,923 -$990,212	$8,646,899
24	$15,995,926	-$5,878,823 -$1,039,735	$9,077,368
25	$16,795,532	-$6,174,677 -$1,091,710	$9,529,145
26	$17,635,620	-$6,485,510 -$1,146,315	$10,003,795
27	$18,517,228	-$6,811,705 -$1,203,620	$10,501,903
28	$19,443,124	-$7,154,286 -$1,263,803	$11,025,035
29	$20,415,384	-$7,514,022 -$1,327,000	$11,574,362
30	$21,436,084	-$7,891,681 -$1,393,345	$12,151,058